Denver Metro Market RecapMarket Recap: Last year, there were talks of another housing crash since home sales had increased 45% from 2017 to 2018, but at the end of 2019 the amount of inventory had diminished with 30% fewer new listings coming on the market in December compared to the prior month. With the current rate of sales, it would only take about a month to sell through all the homes listed. We ended last year with home prices 4.93% higher than in 2018.

Market Predictions: We have started 2020 with Sellers in control due to the lack of inventory. We expect inventory levels to rise again this spring with the average days on the market for a listing being more than in years past. However, Buyers should continue to see low-interest rates, a strong job market, and a steady economy. Real Estate continues to be a good investment in the Metro Denver areas. We are looking forward to a great 2020!

Market Overview

Single Family
Active Inventory 3,360
Closed Home 2,975
Ave Close Price $484,812
Ave Days in MLS 41

Condos & Townhomes
Active Inventory 1,677
Closed Home 1,220
Ave Close Price $372,877
Ave Days in MLS 41

Denver Market Trends

Real Estate Humor

If a low offer happens in a forest of full price offers, did the low offer ever happen?

Home Guidance You Can Trust!

Communication is the foundation to building trust, so we make it a priority to be available to our clients through phone, text, Facebook messaging, email and in-person meetings. Our laid back approach to home buying is centered around outstanding personal service and gives you the time you need to find the perfect home.

We will help educate you about your options so that you can make well-informed decisions throughout the home buying and selling process. Our friendly and responsive team will make you glad you chose Gold Compass Real Estate to help reach your real estate goals.

Meet Our Team

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Mike Lies Profile Picture

Mike Lies

Gold Compass Real Estate

Employing Broker

Office: 303-325-5690

Text: 720-441-3050

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